Key Financial Highlights for Q2 FY25 (YoY Comparison)
- Gross Transaction Value (GTV): INR 7,937 crore, up 24% from INR 6,399 crore in Q2 FY24
- Revenue from Operations: INR 451 crore, reflecting a 28% increase from INR 352 crore in Q2 FY24
- Adjusted EBITDA: INR 90 crore, a 24% rise compared to INR 72 crore last year, with steady margins at 20%
- Profit After Tax (PAT): INR 60 crore, up 7% from INR 56 crore, with PAT margins at 13%
H1 FY25 Financial Performance (YoY Comparison)
- GTV: INR 15,878 crore, a 19% increase from INR 13,347 crore in H1 FY24
- Revenue from Operations: INR 869 crore, up 25% from INR 697 crore in the same period last year
- Adjusted EBITDA: INR 175 crore, a 24% increase from INR 141 crore, maintaining a steady 20% margin
- PAT: INR 121 crore, growing by 17% from INR 103 crore, with PAT margins at 14%
Strategic Business Developments
The impressive performance in Q2 FY25 is fuelled by TBO Tek’s sustained momentum in expanding its presence across international markets. The company reported a 26% year-on-year growth in monthly transacting buyers, particularly from these markets, underscoring its expanding footprint. Additionally, the integration of ‘Jumbonline’ has been a significant success, contributing substantially to the overall GTV and revenue, thereby enhancing the company’s market positioning.
TBO Tek’s ongoing investments in technology and AI capabilities are beginning to pay off, driving efficiency and innovation across its operations. The company has also strengthened its corporate governance framework by expanding its Board of Directors. Notable appointments include Mr. Shantanu Rastogi, MD & Head – India at General Atlantic, and Mr. Akshat Verma, CTO, which bring in-depth expertise to the board and fortify strategic leadership.
As TBO Tek continues to focus on leveraging high-margin business segments and expanding its technological capabilities, the company is poised for sustained growth in the upcoming quarters. The successful integration of Jumbonline, coupled with a growing buyer base in international markets, positions TBO Tek as a formidable player in the global travel distribution space.
This strong financial performance highlights TBO Tek’s resilience and adaptability in a dynamic market, underscoring its commitment to driving long-term value for shareholders and stakeholders alike.
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